On Tuesday, Dropbox earned a positive adjustment to its Relative Strength (RS) Rating, from 68 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Dropbox can continue to show renewed price strength and clear that threshold.
While it's not currently an ideal time to invest, see if the stock is able to establish and enter a buying range in heavy trade.
The company showed 21% EPS growth in the latest quarterly report, while sales growth came in at -1%. The company is expected to report its latest numbers on or around Jul. 31.
The company holds the No. 9 rank among its peers in the Computer Software-Database industry group. Commvault Systems, Progress Software and Oracle are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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